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How to Manage Project Opportunity and Risk: Why uncertainty management can be a much better approach than risk management by Stephen Ward, Chris Chapman

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Index

ABCD assumption based risk assessment

acceptance of uncertainty

Acres Consulting Services

action plans

activities, plans for

‘define the project’ phase

identify phase

Actuarial Profession (AP)

adjustment heuristic

adverse selection

agents

Alaska Power Authority

‘aleatoric’ uncertainty

ambiguity

concept-shaping PUMPs

conventional project management

‘define the project’ phase

identify phase

KUMPs

low probability events

PRAM

process ambiguity summary lists

PUMP pack approach

quantification

responses to

roles of project parties

statistical dependence

strategic planning

American football

anchoring

‘appropriate return test’

asset/change concept

asset lifecycle

see also project lifecycle

assets

Association for Project Management (APM)

assumptions

bias control

contracting

dependence

estimates

‘focus the process’ phase

governance

implications of

independence

tactics gateway

targets

asymmetric penalties

audit trail

availability heuristic

avoidance of uncertainty

balanced incentive and risk sharing (BIARS) contracts

balanced scorecard

base plans

corporate perspective

decision diagrams

PUMP pack approach

strategy gateway

tactics shaping

‘basis for analysis’ phase

Beaufort Sea oil project

benchmarking

bias

control of

discount rate

estimation

explicit bias engineering

optimism

probability elicitation process

PUMP pack approach

subjective estimates

‘traffic light’ process

bidding processes

boards of directors

‘bond test’

bottom-up approaches

concept shaping

evaluation phase

identify phase ...

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